The Bank Of New York Mellon Corporation · NYSE:BNY
The Bank Of New York Mellon — Die Bank of New York Mellon — Q2 2026 Earnings Presentation
17 slides from The Bank Of New York Mellon's earnings presentation, Jul 15, 2026
Slide 1: 2Q26 Quarterly Update
2Q26 QUARTERLY UPDATE July 15, 2026
Slide 2: 2Q26 Financial Highlights
2Q26 Financial Highlights • Revenue Growth: Record revenue of $5.7bn up 13% YoY Revenue: + 13% • Expense Discipline: Expense of $3.4bn up 7% YoY – Three quarters of YoY increase reflects revenue-related expenses – One quarter of YoY increase reflects higher investments and Expenses: + 7% employee sa
Slide 3: 2026 Mid-year Business Update
2026 Mid-year Business Update Strong execution continues to accelerate growth and strengthen our competitive position Serving our clients as One BNY Innovating new products and solutions • 14 consecutive quarters of YoY sales growth • Continuous product innovation and track record of growth (e.g., B
Slide 4: 2Q26 Financial Results
2Q26 Financial Results 2Q26 vs. $mm, except per share data or unless otherwise noted 2Q26 1Q26 2Q25 1Q26 2Q25 Income Statement Investment services fees $2,909 $2,652 $2,583 10% 13% Investment management and performance fees 796 785 758 1 5 Foreign exchange revenue 229 232 213 (1) 8 Other fee revenue
Slide 5: Capital and Liquidity
Capital and Liquidity 2Q26 1Q26 2Q25 Consolidated regulatory capital ratios(a) CAPITAL Tier 1 capital ($mm) $26,302 $26,435 $25,472 • Tier 1 leverage ratio of 5.9% down 7 bps QoQ Average assets for Tier 1 leverage ratio ($mm) 446,389 443,556 420,131 Tier 1 leverage ratio 5.9% 6.0% 6.1% – Tier 1 capi
Slide 6: Net Interest Income and Balance Sheet Trends
Net Interest Income and Balance Sheet Trends Net Interest Income ($mm) • Net interest income of $1,446mm up 20% YoY and up 6% QoQ 1,446 – YoY increase primarily reflecting the reinvestment of investment securities at 1,346 1,370 higher yields and balance sheet growth, partially offset by deposit mar
Slide 7: Securities Services
Securities Services Select Income Statement Data 2Q26 vs. • Total revenue of $2,828mm up 15% YoY $mm, unless otherwise noted 2Q26 1Q26 2Q25 – Investment services fees up 15% YoY Asset Servicing $1,209 3% 12% Issuer Services 463 67 23 > Asset Servicing up 12% YoY, primarily Total investment services
Slide 8: Market and Wealth Services
Market and Wealth Services Select Income Statement Data 2Q26 vs. • Total revenue of $1,970mm up 12% YoY $mm, unless otherwise noted 2Q26 1Q26 2Q25 – Investment services fees up 10% YoY Wealth Solutions $551 1% 5% Clearance and Collateral Management 453 5 18 > Wealth Solutions up 5% YoY, primarily Pa
Slide 9: Investment and Wealth Management
Investment and Wealth Management Select Income Statement Data 2Q26 vs. • Total revenue of $863mm up 8% YoY $mm, unless otherwise noted 2Q26 1Q26 2Q25 – Investment Management up 6% YoY, primarily Investment management fees $793 1% 6% reflecting higher market values and improved Performance fees 3 N/M
Slide 10: Other Segment
Other Segment Select Income Statement Data • Total revenue includes corporate treasury and $mm, unless otherwise noted 2Q26 1Q26 2Q25 other investment activity, including hedging Fee revenue $(29) $(23) $(15) activity which has an offsetting impact between Investment and other revenue 36 50 33 fee a
Slide 11: 2026 Financial Outlook Update
2026 Financial Outlook Update 2025 BASIS ORIGINAL 2026 OUTLOOK UPDATED 2026 OUTLOOK Total Revenue $20,028mm (b) Up 5% +/- YoY (a)(c) (a)(c) (excluding notable items) Up 10-11% YoY Expenses $12,912mm (b) Up 3–4% YoY (c) (c) (excluding notable items) Up 6-7% YoY Operating Leverage (d) >100 bps ~400 bp
Slide 12: Footnotes
Footnotes Page 3 – 2026 Mid-year Business Update (a) Organic fee growth is the amount of fee revenue growth attributable to net new business and the net impact of changes in activity within existing products by existing clients. We believe this measure permits investors to gain an understanding of i
Slide 13: Return on Common Equity and Tangible Common Equity Reconciliation
Return on Common Equity and Tangible Common Equity Reconciliation $mm 2Q26 1Q26 2Q25 1H26 2025 2024 2023 2022 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,696 $1,562 $1,391 $3,258 $5,306 $4,336 $3,067 $2,345 Add: Amortization of intangible assets
Slide 14: Reconciliation of Non-GAAP Measures – Impact of Notable Items
Reconciliation of Non-GAAP Measures – Impact of Notable Items 2Q26 vs. $mm, except per share amounts 2Q26 1Q26 2Q25 1Q26 2Q25 Total revenue – GAAP $5,698 $5,409 $5,028 5% 13% Adjusted total revenue, excluding notable items — Non-GAAP $5,698 $5,409 $5,028 5% 13% Total noninterest expense – GAAP $3,43
Slide 15: Reconciliation of Non-GAAP Measures – 2022-1H26
Reconciliation of Non-GAAP Measures – 2022-1H26 2025 vs. 2024 vs. 2023 vs. $mm 1H26 2025 2024 2023 2022 2024 2023 2022 Total revenue – GAAP $11,107 $20,080 $18,619 $17,697 $16,529 8% 5% 7% Less: Reduction in the fair value of a contingent consideration receivable(a) — — — (144) — Less: Disposal gain
Slide 16: Cautionary Statement
Cautionary Statement A number of statements in our presentations, the accompanying slides and the responses to questions on our conference call discussing our quarterly results may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, inc
Slide 17: m A
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